Global Employer of Record Services (EOR)

Key Takeaways

• Take your business to 180 countries without worrying about hidden fees or surprise costs.
• 24-hour onboarding reduces downtime for new hires.
• Keep your HR, Finance, and Legal teams out of hot water with rock-solid compliance.
• Teamed’s AI Agents handle routine tasks, freeing your in-house experts.

With the rise of remote work and the growing demand for specialised skills, mid-market companies  face unique challenges when hiring internationally. Here’s how global EOR solutions simplify that process:

With the world more connected than ever, your business can cast a wider net and tap into top global talent through an Employer of Record (EOR). They handle all the local taxes, rules, and payroll headaches for you, keeping your risk to a minimum.

However, undertaking cross-border hiring and operations requires navigating the complex maze of local laws, taxes, and compliance. That’s why an Employer of Record (EOR) can help you hire quickly and easily.

This guide breaks down everything you need to know about EORs and helps you pick the right one for your business.

For companies in high-regulation industries like financial services, defence, or healthcare, Teamed combines built-in AI Agents with seasoned compliance experts. You can grow your business with confidence, knowing you're following all the rules that keep HR, Finance, and Legal happy.

What is a Global Employer of Record (EOR) Service?

Employer of Record (EOR) is the legal employer responsible for your overseas workers. You get the same reliable compliance and smooth payroll no matter where you're operating.

This removes the burden of establishing foreign legal entities, so you can hire top talent quickly, without corporate jargon or red tape standing in your way.

An EOR partner lets you dip your toes in new markets and grow smoothly, without the massive expense and hassle of creating foreign subsidiaries.

Navigating Global Employment Complexities

Employing overseas workers is complex. Labour laws, tax codes, and compliance rules all differ by country.

Some common pain points for businesses include:

• Understanding localised payroll systems, income taxes, and social security requirements.
• Ensuring employment contracts comply with laws in defence or financial services sectors.
• Managing multi-country workforce operations with limited resources.
• Understanding localised payroll systems, income taxes and social security obligations
• Navigating unique visa regulations and immigration policies by country
• Providing compliant employee benefit plans, including healthcare, insurance, retirement accounts and leave policies
• Adhering to rigid local employment laws around hiring, terminations, and employee rights
• Conforming with national data privacy regulations and HR record-keeping
• Managing cross-border compensation, equity plans, and remote workforce policies

The more countries you expand to, the more complicated these challenges become.

Key Benefits of Using Global EOR Services

How Teamed’s AI Agents and Human Experts Work Together

Teamed’s built-in AI Agents now automate up to 70% of routine HR, finance, and compliance tasks. Our experienced team tackles the tough stuff, so you never have to worry about compliance issues. "We blend human expertise with proven AI to give mid-market and regulated industries results they can count on."

For HR, Finance, and Legal teams, the true value of a global EOR is measured in lower admin loads, predictable cost structures, and unwavering compliance confidence—according to Deloitte’s 2024 Global Payroll Survey.

The biggest win with a Global Employer of Record? Smoother compliance and lower risk when you're expanding, especially if you're in financial services or defence where mistakes cost a fortune.

Accelerated Global Expansion

Setting up offices or subsidiaries abroad takes forever and costs more than most companies can afford.

EORs change the game completely. You can expand globally and start hiring right away. You can also rely on 24-hour onboarding services to keep your new hires on schedule.

Access to Global Talent and Skilled Workers

Make sure to expand your talent search beyond aa0single geography. An Employer of Record (EOR) clears away all the legal and compliance roadblocks that slow down hiring in new markets.

While you hire, an EOR can handle the necessary paperwork permits to employ foreign staff legally.

Reduced Legal, Tax and HR Administration

EORs take the admin nightmare out of international hiring and HR management.

Your EOR partner handles everything: payroll, tax filings, legal compliance, employment contracts, and all those complex requirements while following local laws to the letter.

Mitigated Risk and Legal Liability

Using a Global EOR reduces operating risks, as they assume primary employer responsibilities and liability in foreign regions.

Plus, you dodge costly mistakes from regulations you didn't know about and sleep better knowing you're legally covered.

Local HR Support and Expertise

EORs have specialised in-country teams familiar with regional employment nuances.

They can provide localised HR services and expertise vital for smooth overseas hiring. That’s why an Employer of Record (EOR) is so valuable, ensuring every step is handled by regional experts.

The Employer of Record (EOR) model also offers unmatched flexibility to deploy talent swiftly across geographies, easing the pressure on HR, Finance, and Legal.

How Global EOR Works

The European Commission’s guidance on employment regulations provides a framework for managing HR and payroll processes across borders. (European Commission: Employment, Social Affairs & Inclusion)

Using a global EOR makes onboarding and managing overseas employees so much simpler.

Here's an overview of how a global EOR works:

Step-by-Step Process of Onboarding Employees Through EOR

Here's what happens when you onboard new hires through an EOR:

• Selecting the countries you wish to hire remote staff and expand operations into. Your EOR provider can advise on the best regions based on your business needs.
• Working with your EOR's in-country teams to source suitable candidates that match your hiring criteria.
• Extending job offers to chosen candidates and having them sign the EOR's standardised employment contract.
• Your EOR secures all required paperwork, permits, and visa sponsorships, handling the complex admin so you don’t have to.
• On the start date, the EOR formally onboard new hires as the legal employer, including payroll setup, taxes, and more.
• Your EOR helps with the daily management of international employees, but you still call the shots.

EOR Responsibilities vs Client Responsibilities

Since an EOR is your company's legal representative in a particular region, it also takes a share of your responsibilities.

Global EOR services handle most of the legal and compliance heavy lifting when you hire internationally.

Key EOR responsibilities include:

• Serving as the legal employer of record in foreign countries
• Managing in-country payroll, taxes, and social security contributions
• Securing work permits and managing immigration/visa requirements
• Ensuring adherence to local labour laws and employment regulations
• Providing compliant HR services, benefits, insurance, leaves etc.
• Handling employee terminations and severance as per local laws

On the other hand, you, a.k.a the Client, are responsible for duties directly related to day-to-day operations, workforce management, and performance oversight, while the Employer of Record (EOR) handles the rest.

• Defining hiring needs and criteria for screening candidates
• Day-to-day management and oversight of remote employees
• Providing technology, infrastructure, and tools for employees
• Managing employee training, evaluation, talent development
• Dictating compensation levels and equity awards

Ensuring Seamless HR and Payroll Processes with EOR

At the end of the day, running an operation isn’t enough. An Employer of Record (EOR) keeps everything running smoothly and compliant from start to finish.

With the right technology stack and global expertise, Employer of Record (EOR) providers can deliver a seamless HR experience across defence or financial services markets, letting you focus on growth.

• EORs' online HR platforms centralise employee records, payroll, taxes, etc.
• HR teams can pull up real-time reports on their global workforce whenever they need them.
• New employees get up and running fast with digital tools and can check their payroll details online anytime.
• You handle global payroll with just one payment to your EOR. Simple as that.
• In-country teams handle localised payroll payments, filings and employment compliance.

Teamed’s streamlined and cloud based EOR solution ensures outcomes HR, Finance, and Legal teams can trust: fast onboarding, predictable costs, and fully compliant payroll in 180 countries.

Choosing the Right EOR Partner

PWC’s 2023 Global Workforce Hopes and Fears Survey shows that compliance and expertise are key drivers for selecting an EOR partner in highly regulated industries. (PwC Global Workforce Report 2023)

Picking the right EOR partner means weighing several factors to keep your business secure and running like clockwork.

Here's what to evaluate when selecting an EOR partner:

Expertise and Experience

Assess the provider's depth of expertise and years of experience managing international employer obligations, payroll, taxes, and compliance across various regions.

Look for:

• Extensive track record over many years
• Demonstrated success through client case studies
• Seasoned in-country specialists worldwide
• Knowledge of nuanced regional differences and regulations
• Extensive track record over many years
• Demonstrated success through client case studies
• Seasoned in-country specialists worldwide
• Knowledge of nuanced regional differences and regulations

International Coverage

Teamed provides seamless coverage in 180 countries. This means HR, Finance, and Legal teams in sectors like financial services or professional services can scale internationally with certainty and speed—knowing every market is accounted for, all under one fair and transparent platform.

Check if they can support you in the markets you're in now and where you're planning to go:

• Seamless support in your priority countries and regions
• Localised HR services and legal guidance
• Ability to scale up as you expand to new markets
• Seamless support in your priority countries and regions
• Localised HR services and legal guidance
• Ability to scale up as you expand to new markets

Customisation and Flexibility

Find an EOR partner who can customize their approach to fit what you actually need:

• Custom-built offerings for your industry and business model
• Flexibility in structuring employment terms
• Integration with your existing HR software and systems
• Scalable services as your international presence grows
• Custom-built offerings for your industry and business model
• Flexibility in structuring employment terms
• Integration with your existing HR software and systems
• Scalable services as your international presence grows

Get Started with Global EOR Servicesa

The UK Financial Conduct Authority emphasises the importance of transparent and compliant hiring practices for firms expanding internationally. (FCA: Guidance for Overseas Firms)

The right partner brings together expertise, global reach, and flexibility to set you up for international success.

Teamed: Simplifying Global Employment

“Our need to convert two contractors to full-time employees in Spain was managed effortlessly through the Teamed platform and their accompanying services. What would have been a complex, costly and long drawn out process was made simple, and dare I say a pleasurable experience.” – Rachel Blezard, Head of People Operations, SpotQA.a0Read the full SpotQA case study.

If you want global hiring that actually works, Teamed offers a complete EOR solution that uses smart technology to make international employment straightforward. We handle all your worldwide expansion and compliance challenges so you can focus on growing your business without the stress.

FAQs About Global Employer of Record Services

1. What is a Global Employer of Record (EOR) service?

An EOR is a provider that acts as the legal employer of staff hired overseas, removing the liabilities and complexities for HR, Finance, and Legal teams.

2. Why do businesses need Global EOR services?

To hire abroad without establishing foreign legal entities, while meeting all local regulations and payroll obligations.

3. What are the key benefits of using Global EOR services?

Accelerated global expansion, access to world-class talent, reduced HR administration, and peace of mind from compliance certainty.

4. How does the EOR model work?

An EOR becomes the official employer of record for your overseas staff, overseeing compliance, payroll, and regulations so you can focus on core operations.

5. Can EOR services be customised for different countries?

Yes. Leading EORsa0like Teamed tailor services to meet each country’s legal, HR, and payroll rules, ensuring smooth operations for Finance and Legal teams.

Yes, EORs are ideal for mid-market and scaling companies that need to hire remote full-time employees without establishing foreign entities. Your HR, Finance, and Legal teams can tackle even the most challenging countries with confidence.

Ready to Succeed with Global Hiring?

Teamed makes international employment simple, even when it seems complicated. Let's chat about how we can help you build your global team successfully. Get in Touch

Conclusion

• Global EOR services break down the walls that keep mid-market companies from expanding internationally.
• 24-hour onboarding ensures fast deployment of talent in 180 countries.
• HR, Finance, and Legal teams finally get compliance that makes sense.

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